Finance

EMI Calculator

Calculate monthly EMI, interest and total payment.

EMI Calculator

Calculate Loan EMI instantly with complete repayment schedule, amortization table, PDF & Excel export, history, print and sharing support.

Loan Amount

₹ 5,00,000.00

Interest Rate

8.5%

Loan Tenure

5 Years

Monthly EMI

₹ 10,258.27

Loan Details

₹ 5,00,000.00
8.5 %
5 Years

Quick Actions

Loan Summary

Loan Amount₹ 5,00,000.00
Interest Rate8.5%
Loan Tenure5 Years
Monthly EMI₹ 10,258.27
Total Interest₹ 1,15,495.94
Total Payment₹ 6,15,495.94

Principal

Amount Borrowed

Interest

Cost of Loan

Tip

Paying a little extra every month or making occasional part-prepayments can significantly reduce the total interest paid over the life of your loan.

Amortization Schedule

Complete month-wise repayment schedule.

MonthEMIPrincipalInterestBalance
1₹ 10,258.27₹ 6,716.6₹ 3,541.67₹ 4,93,283.4
2₹ 10,258.27₹ 6,764.17₹ 3,494.09₹ 4,86,519.23
3₹ 10,258.27₹ 6,812.09₹ 3,446.18₹ 4,79,707.14
4₹ 10,258.27₹ 6,860.34₹ 3,397.93₹ 4,72,846.8
5₹ 10,258.27₹ 6,908.93₹ 3,349.33₹ 4,65,937.86
6₹ 10,258.27₹ 6,957.87₹ 3,300.39₹ 4,58,979.99
7₹ 10,258.27₹ 7,007.16₹ 3,251.11₹ 4,51,972.83
8₹ 10,258.27₹ 7,056.79₹ 3,201.47₹ 4,44,916.04
9₹ 10,258.27₹ 7,106.78₹ 3,151.49₹ 4,37,809.27
10₹ 10,258.27₹ 7,157.12₹ 3,101.15₹ 4,30,652.15
11₹ 10,258.27₹ 7,207.81₹ 3,050.45₹ 4,23,444.34
12₹ 10,258.27₹ 7,258.87₹ 2,999.4₹ 4,16,185.47
13₹ 10,258.27₹ 7,310.29₹ 2,947.98₹ 4,08,875.18
14₹ 10,258.27₹ 7,362.07₹ 2,896.2₹ 4,01,513.12
15₹ 10,258.27₹ 7,414.21₹ 2,844.05₹ 3,94,098.9
16₹ 10,258.27₹ 7,466.73₹ 2,791.53₹ 3,86,632.17
17₹ 10,258.27₹ 7,519.62₹ 2,738.64₹ 3,79,112.55
18₹ 10,258.27₹ 7,572.89₹ 2,685.38₹ 3,71,539.66
19₹ 10,258.27₹ 7,626.53₹ 2,631.74₹ 3,63,913.14
20₹ 10,258.27₹ 7,680.55₹ 2,577.72₹ 3,56,232.59
21₹ 10,258.27₹ 7,734.95₹ 2,523.31₹ 3,48,497.64
22₹ 10,258.27₹ 7,789.74₹ 2,468.52₹ 3,40,707.9
23₹ 10,258.27₹ 7,844.92₹ 2,413.35₹ 3,32,862.98
24₹ 10,258.27₹ 7,900.49₹ 2,357.78₹ 3,24,962.49
25₹ 10,258.27₹ 7,956.45₹ 2,301.82₹ 3,17,006.05
26₹ 10,258.27₹ 8,012.81₹ 2,245.46₹ 3,08,993.24
27₹ 10,258.27₹ 8,069.56₹ 2,188.7₹ 3,00,923.68
28₹ 10,258.27₹ 8,126.72₹ 2,131.54₹ 2,92,796.95
29₹ 10,258.27₹ 8,184.29₹ 2,073.98₹ 2,84,612.67
30₹ 10,258.27₹ 8,242.26₹ 2,016.01₹ 2,76,370.41
31₹ 10,258.27₹ 8,300.64₹ 1,957.62₹ 2,68,069.76
32₹ 10,258.27₹ 8,359.44₹ 1,898.83₹ 2,59,710.33
33₹ 10,258.27₹ 8,418.65₹ 1,839.61₹ 2,51,291.67
34₹ 10,258.27₹ 8,478.28₹ 1,779.98₹ 2,42,813.39
35₹ 10,258.27₹ 8,538.34₹ 1,719.93₹ 2,34,275.05
36₹ 10,258.27₹ 8,598.82₹ 1,659.45₹ 2,25,676.24
37₹ 10,258.27₹ 8,659.73₹ 1,598.54₹ 2,17,016.51
38₹ 10,258.27₹ 8,721.07₹ 1,537.2₹ 2,08,295.45
39₹ 10,258.27₹ 8,782.84₹ 1,475.43₹ 1,99,512.61
40₹ 10,258.27₹ 8,845.05₹ 1,413.21₹ 1,90,667.56
41₹ 10,258.27₹ 8,907.7₹ 1,350.56₹ 1,81,759.85
42₹ 10,258.27₹ 8,970.8₹ 1,287.47₹ 1,72,789.05
43₹ 10,258.27₹ 9,034.34₹ 1,223.92₹ 1,63,754.71
44₹ 10,258.27₹ 9,098.34₹ 1,159.93₹ 1,54,656.37
45₹ 10,258.27₹ 9,162.78₹ 1,095.48₹ 1,45,493.59
46₹ 10,258.27₹ 9,227.69₹ 1,030.58₹ 1,36,265.9
47₹ 10,258.27₹ 9,293.05₹ 965.22₹ 1,26,972.85
48₹ 10,258.27₹ 9,358.87₹ 899.39₹ 1,17,613.98
49₹ 10,258.27₹ 9,425.17₹ 833.1₹ 1,08,188.81
50₹ 10,258.27₹ 9,491.93₹ 766.34₹ 98,696.88
51₹ 10,258.27₹ 9,559.16₹ 699.1₹ 89,137.72
52₹ 10,258.27₹ 9,626.87₹ 631.39₹ 79,510.85
53₹ 10,258.27₹ 9,695.06₹ 563.2₹ 69,815.78
54₹ 10,258.27₹ 9,763.74₹ 494.53₹ 60,052.05
55₹ 10,258.27₹ 9,832.9₹ 425.37₹ 50,219.15
56₹ 10,258.27₹ 9,902.55₹ 355.72₹ 40,316.6
57₹ 10,258.27₹ 9,972.69₹ 285.58₹ 30,343.91
58₹ 10,258.27₹ 10,043.33₹ 214.94₹ 20,300.58
59₹ 10,258.27₹ 10,114.47₹ 143.8₹ 10,186.11
60₹ 10,258.27₹ 10,186.11₹ 72.15₹ 0
Showing 60 of 60 monthsLoan Tenure: 60 Months

EMI Formula

EMI is calculated using the standard reducing balance method adopted by banks and financial institutions.

Formula

EMI = P × R × (1 + R)N ÷ ((1 + R)N − 1)

P

Principal Loan Amount

R

Monthly Interest Rate

N

Total Number of Monthly Installments

EMI

Fixed Monthly Installment

Example Calculation

Loan Amount

₹5,00,000

Interest Rate

8.5%

Loan Tenure

5 Years

Monthly EMI

₹ 10,258.27

Frequently Asked Questions

What is EMI?

EMI (Equated Monthly Installment) is the fixed monthly amount paid to repay a loan over a specified period.

How is EMI calculated?

EMI depends on the loan amount, annual interest rate and loan tenure.

Can I reduce my EMI?

Yes. You can reduce EMI by choosing a lower interest rate, increasing the tenure or making part-prepayments.

What is Principal?

Principal is the amount borrowed from the lender.

What is Total Interest?

It is the total interest paid to the lender during the complete loan tenure.

What is Amortization Schedule?

It is a month-wise repayment schedule showing EMI, principal repaid, interest paid and outstanding balance.

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About EMI Calculator

The EazeMe EMI Calculator helps you estimate the monthly installment for home loans, personal loans, education loans, business loans and vehicle loans.

Simply enter the loan amount, annual interest rate and loan tenure. The calculator instantly computes your Monthly EMI, Total Interest Payable, Total Payment and displays a detailed amortization schedule.

Results can be copied, printed, exported to PDF or Excel, and stored locally in calculation history for future reference.

Why Use EazeMe EMI Calculator?

✅ Instant EMI Calculation
✅ Accurate Loan Summary
✅ Amortization Schedule
✅ Loan Pie Chart
✅ PDF & Excel Export
✅ Copy, Print & Share
✅ Calculation History
✅ 100% Free

How to Use the EMI Calculator

  1. Enter the total loan amount you want to borrow.
  2. Select or type the annual interest rate offered by your lender.
  3. Enter the repayment tenure in years.
  4. Instantly view your Monthly EMI, Total Interest and Total Payment.
  5. Review the complete amortization schedule.
  6. Export the report as PDF or Excel, print it or share it.

Supported Loan Types

🏠 Home Loan

Estimate monthly EMIs for housing finance and mortgages.

🚗 Car Loan

Plan repayments before purchasing a new or used vehicle.

🎓 Education Loan

Calculate education loan installments for higher studies.

💼 Business Loan

Estimate repayments before applying for business finance.

💳 Personal Loan

Quickly calculate EMIs for unsecured personal loans.

🛵 Two Wheeler Loan

Estimate affordable monthly installments before purchase.

Tips to Reduce Your EMI

✅ Increase the repayment tenure if lower monthly payments are your priority.
✅ Compare interest rates from multiple banks before applying.
✅ Make part-prepayments whenever possible to reduce total interest.
✅ Maintain a good credit score to qualify for better loan rates.
✅ Avoid borrowing more than you actually need.
✅ Use the amortization schedule to understand your repayment pattern.

Disclaimer

This EMI Calculator is provided for informational and planning purposes only. Actual EMI values may vary depending on your lender's calculation method, processing charges, insurance, taxes, prepayments and other loan terms. Please verify the repayment schedule with your bank or financial institution before making financial decisions.

Financial Planning Tips

Before applying for any loan, calculate your monthly affordability. A lower EMI may seem attractive, but a longer repayment period usually increases the total interest paid over the life of the loan.

Budget First

Keep your total monthly loan obligations within a comfortable percentage of your monthly income.

Compare Banks

Even a small reduction in interest rate can save thousands over the entire repayment period.

Review Regularly

Review your loan annually and refinance if a significantly lower interest rate becomes available.

Compare Different Loan Options

Loan TypeTypical TenureInterest
Home Loan10–30 YearsLow
Car Loan3–7 YearsMedium
Personal Loan1–7 YearsHigh
Education Loan5–15 YearsMedium
Business Loan3–10 YearsMedium / High

Free Online EMI Calculator

EazeMe provides a fast, accurate and completely free EMI Calculator for home loans, personal loans, education loans, vehicle loans and business loans.

Calculate monthly EMI, total interest payable, total repayment amount and review a complete amortization schedule before applying for a loan.

The calculator also supports PDF export, Excel export, printing, sharing and calculation history, making it useful for borrowers, accountants, finance professionals and students.

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Plan Your Loan With Confidence

Use the EazeMe EMI Calculator to estimate your monthly installments, compare repayment options, understand your amortization schedule and make informed financial decisions before taking a loan.